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RV dealers inventories, at least in dollar terms, were larger as of Aug. 31, when compared with a year earlier, according to consulting firm Spader Business Management.
And in the case of midsize and small dealers, new RV units inventories were significantly larger as of Aug. 31, possibly indicating dealer optimism about the coming year.
Meanwhile, new RV unit inventories at the large dealerships, which Spader defines as having at least $10 million in annual sales, increased a relatively modest 3.7% in dollar value as of Aug. 31 to an average of $3,934,451, compared with $3,759,790 as of Aug. 31, 2002, Spader reports.
Midsize dealers, which Spader defines as having $5 million to $10 million in annual sales, expanded their new RV unit inventories the most aggressively. The value of their new RV unit inventories averaged $1,933,792 as of Aug. 31, a 16.4% increase over the $1,661,470 they carried in new RV unit inventory on the same date a year earlier.
Small dealers, which Spader defines as having less than $5 million in annual sales, also expanded their new RV unit inventories by 9.3% as of Aug. 31. Their inventories were valued at an average of $1,019,860 on Aug. 31, compared with $932,667 on Aug. 31, 2002.